How many new Credit Cards is too many?

darkidoe

YorkshireBoy wrote: »

To make money through stoozing activities. It's not for everyone, but a lot of people on here have made a lot of money at it.

I wonder what is the return on that! Highly risky IMO.

Nebulous2

darkidoe wrote: »

I wonder what is the return on that! Highly risky IMO.

It depends what you do with it. Borrowing money at 0% and putting it in a regular saver at 5% doesn't seem very risky to me.

Anthorn

darkidoe wrote: »

I wonder what is the return on that! Highly risky IMO.

It is risky when you don't (or can't) pay back the money you have borrowed on the cards. The obvious way and most straightforward way of stoozing is as mentioned above, borrowing money at 0% APR and placing it in an account to get for example 5% APR. But it gets complicated and open to disaster when borrowing on cards to pay off other borrowing.

tempus_fugit

It's not risky at all , it's a lot easier than many other ways of making your money work for you.

johnmoney05

And some incentive from the cashback sites too! At least 3 out of my 10 did come from them.

So, cashback + 0% interest, I can't see why not.

manic

No_6 wrote: »

Another 10 year person that is asking for advice,
do people not manage to read any of the posts on this forum

6

Why does it matter whether I have been a member for 10 years or 10 days.

I came looking for current advice, a lot changes over time.

If you can't offer any constructive advice, don't comment.

No_6

Just read any posts in a search and you will find a answer,

Are you really that lazy